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1
The ratio between agricultural input and output accounts for agricultural productivity. In agriculture, crop yield is measured as a degree of the yield per unit area of the cultivated land and the seeds produced from the same crop. The reasons for low productivity of Agriculture are human factors i.e. lack of training and efficiency of formers, huge population, Traditional methods of cultivation, Problems of soils, Pests, Diseases, feeble cattle, Lack of credit facility, Inadequate Irrigation facilities, Unreliable Monsoon and Improper marketing of crops etc.
 
India's economy primarily depends on agriculture yield growth and their allied agro industry products. The agriculture yield prediction is the toughest task for agricultural departments across the globe. The agriculture yield depends on various factors. Particularly countries like India, majority of agriculture growth depends on rain water, which is highly unpredictable. Agriculture growth depends on different parameters, namely Water, Nitrogen, Weather, Soil characteristics, Crop rotation, Soil moisture, Surface temperature and Rain water etc.[S.1, Q.1]

NITI Aayog has signed a Statement of Intent (SoI) with which of the following companies to develop crop yield prediction model using Artificial Intelligence?

(Topic : Growth Measurement) – 2 Marker
» Explain it
A
NITI Aayog has signed a Statement of Intent (SoI) with IBM to develop crop yield prediction model using Artificial Intelligence (AI) to provide real time advisory to farmers in Aspirational Districts. The partnership aims to work together towards use of technology to provide insights to farmers to improve soil yield, crop productivity, control agricultural inputs with overarching goal of improving farmers’ incomes.
 
Hence, option A is correct.
 
2
The ratio between agricultural input and output accounts for agricultural productivity. In agriculture, crop yield is measured as a degree of the yield per unit area of the cultivated land and the seeds produced from the same crop. The reasons for low productivity of Agriculture are human factors i.e. lack of training and efficiency of formers, huge population, Traditional methods of cultivation, Problems of soils, Pests, Diseases, feeble cattle, Lack of credit facility, Inadequate Irrigation facilities, Unreliable Monsoon and Improper marketing of crops etc.
 
India's economy primarily depends on agriculture yield growth and their allied agro industry products. The agriculture yield prediction is the toughest task for agricultural departments across the globe. The agriculture yield depends on various factors. Particularly countries like India, majority of agriculture growth depends on rain water, which is highly unpredictable. Agriculture growth depends on different parameters, namely Water, Nitrogen, Weather, Soil characteristics, Crop rotation, Soil moisture, Surface temperature and Rain water etc.[S.1, Q.2]

Which of the following state is not a part of the first phase of the project?


(Topic : Growth Measurement) – 2 Marker
» Explain it
D
The first phase of project will focus on developing model for 10 Aspirational Districts across states of Maharashtra, Rajasthan, Assam, Madhya Pradesh, Bihar, Jharkhand and Uttar Pradesh. The project will introduce and make available climate-aware cognitive farming techniques.
 
The project will also identify systems of crop monitoring, early warning on pest and disease outbreak based on advanced AI innovations. It also includes deployment of weather advisory, rich satellite and enhanced weather forecast information along with IT and mobile applications with focus on improving crop yield and cost savings through better farm management.
 
Hence, option D is correct.
 
3
In a falling interest rate scenario and perhaps to keep their fiscal numbers under control, the government has recently lowered the interest rate on the GOI Savings (Taxable) Bonds. The government has replaced the erstwhile 8 percent Savings (Taxable) Bonds 2003 with the 7.75 per cent Savings (Taxable) Bonds. The bonds opened for subscription on January 10. While most of the features remain the same, the tenure has been increased by one year. 
 
The bonds suit conservative investors who are looking for assured and fixed returns with complete safety of their principal amount. However, currently the interest rate is not high enough compared to instruments that a retiree usually looks at. [S.2, Q.1]

Which of the following is not true in regards to the 7.75% Savings (Taxable) Bonds 2018 scheme?
 
(Topic : Growth Measurement) – 2 Marker
» Explain it
D
The Union Finance Ministry has launched 7.75% Savings (Taxable) Bonds, 2018 scheme to help citizens invest in a taxable instrument, without any monetary ceiling. It will enable resident citizens/Hindu Undivided Families (HUF) to invest in a taxable bond, without any monetary ceiling.
 
The Bonds are open to investment by individuals (including Joint Holdings) and HUFs. Non-Resident Indians (NRIs) are not eligible for making investments in these bonds.
 
The Bonds will have maturity of 7 years carrying interest at 7.75% per annum payable half- yearly.  The Bonds will be issued in demat form (Bond Ledger Account) only.
 
The Bonds are not transferable and also are not tradeable in secondary market. They are also not eligible as collateral for loans from banking institutions, non-banking financial companies or financial institutions.
 
The bonds can be issued in 'Cumulative' as well as 'Non-cumulative' forms. Interest on the non-cumulative bonds will be payable at half-yearly intervals from the date of issue, while the interest on cumulative bonds will be compounded with half yearly rests and will be payable on maturity along with the principal.
 
Hence, option D is correct.
 
4
In a falling interest rate scenario and perhaps to keep their fiscal numbers under control, the government has recently lowered the interest rate on the GOI Savings (Taxable) Bonds. The government has replaced the erstwhile 8 percent Savings (Taxable) Bonds 2003 with the 7.75 per cent Savings (Taxable) Bonds. The bonds opened for subscription on January 10. While most of the features remain the same, the tenure has been increased by one year. 
 
The bonds suit conservative investors who are looking for assured and fixed returns with complete safety of their principal amount. However, currently the interest rate is not high enough compared to instruments that a retiree usually looks at. [S.2, Q.2]  

The bonds mentioned in the passage will be issued for minimum face value amount of:

(Topic : Growth Measurement) – 2 Marker
» Explain it
C
The Bonds will be issued at par i.e. at Rs.100.00 They will be issued for minimum face value amount of Rs.1,000 and in multiples thereof. There will be no maximum limit for investment in the Bonds.
 
Interest on the Bonds will be taxable under the Income-tax (IT) Act, 1961 as applicable according to the relevant tax status of the bond holder. 
 
Hence, option C is correct.
 
5
Apprenticeship Training is considered to be one of the most efficient ways to develop skilled manpower for the country. It provides for an industry led, practice oriented, effective and efficient mode of formal training. The National Apprenticeship Promotion Scheme is to promote apprenticeship training in the country.
 
The scheme would commence from 1st October, 2016. State Apprenticeship Advisers (SAAs) and Regional Directorates of Apprenticeship (RDATs) will act as implementing agencies in their respective State/Regions. This scheme will cover all categories of apprentices except the Graduate, Technician and Technician (Vocational) apprentices which are covered by the scheme administered by Ministry of Human Resource Development. 
 
Regional Directorates of Apprenticeship Training (RDATs) under the control of Directorate General of Training (Union Ministry of Skill Development and Entrepreneurship (MSDE)will act as implementing agencies in their regions for Central Public Sector Undertaking and establishments operating their business in 4 or more States. State Apprenticeship Advisers will act as implementing agencies for state public sector and private establishments under their jurisdiction.[S.3, Q.1]

Under  the National Apprenticeship Promotion Scheme (NAPS), the maximum stipend per month per apprentice payable by the Central Government is which of the following?

(Topic : Growth Measurement) – 2 Marker
» Explain it
C
The National Apprenticeship Promotion Scheme (NAPS) was launched by the Prime Minister in Kanpur, Uttar Pradesh in 2016. This scheme is implemented by Director General of Training (DGT) under the aegis of Union Ministry of Skill Development and Entrepreneurship (MSDE). Under it, Central Government for the first time will provide financial incentives to the employers to engage actively in apprenticeship training. The Central Government will directly share 25% of the total stipend up to a maximum of 1,500 rupees per month per apprentice payable to an apprentice with employers.
 
Hence, option C is correct.